New Home Sales Increase in Longview, Prices Decline According to Latest Data
Posted on: Dec 06, 2013 07:27:33 AM
There was a rise in closings of new homes in the Longview, WA market in September year-over-year, and the increase was greater than August 2013. New home closings moved from 2 a year earlier to 7 after the figure moved from 1 in August 2012 to 3 in August 2013.
A total of 41 new homes were sold during the 12 months that ended in September, up from 36 for the year that ended in August.
New home closings were 7 of the 146 total closings, up on a percentage basis from 2 of 97 a year earlier. Following a year-over-year increase in August, closings of new and existing homes also grew year-over-year in September.
Pricing and Mortgage Trends
The average per-unit price of new homes was $181,892, compared with $208,988 last year. This came after a 58.3% lift in August year-over-year.
Average mortgage size on new homes went from $131,572 a year earlier to $199,457. Average mortgage size on new homes went from $123,999 in August 2012 to $238,500 in August 2013.